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I do not have any horse in this race, but it’s quite surprising for me that USA is jumping in and Europe and China are not championing the operations for the se
by braza 3y ago
I do not have any horse in this race, but it’s quite surprising for me that USA is jumping in and Europe and China are not championing the operations for the security in the Red See even having more vested interests on the transportation.
- pi-e-sigma 3y agoThat's easy to explain. Europe simply can't, and China has absolutely nothing to gain from getting itself entangled in the Middle Eastern mess. Because whatever it would do it would anger somebody there.
- grenouille932 3y agoChina is winning by having its ships still go through, after they have clarified with Houthis they will not work with Israeli ports.
- remarkEon 3y agoIt's in China's best interests to have USN stretched across multiple theaters (three - SCS, the Eastern Med, Persian Gulf/Red Sea) for reasons that should be obvious. Counting the containers' points of origin would make one think China would like to see this wrapped up quickly, but they think on longer timelines than quarterly earnings reports. "Europe" doesn't have a Navy capable of projecting enough force to deal with the problem. And, lastly, the raison d'être for today's USN is securing the free flow of global trade. So, it's very much unsurprising that USA is jumping in here (that we do not get paid for doing this service is a different matter).
- jcbrand 3y agoThe US gets paid by the "exorbitant privilege" of having the global reserve currency. That was the deal since the second world war.